RBI Says No FPI Where FDI Is Barred
  • Gaurav Sarkar
  • Jul 16 2013

The RBI has made it clear to the government that foreign portfolio investment (FII’s) cannot run in contradiction to the rules barring foreign direct investment (FII) in certain sectors. RBI Governor D Subbarao believes that no FDI should be permitted in prohibited sectors whereas defense minister AK Anthony objects to raising the capital to 49% from 26%. Haigreave Khaitan,Senior Partner, Khaitan & Co, further shares his views on the matter.